I am in the throes of switching my current homeowner loan to a Buy to Let Britannia mortgage. The bank has said that I require a lawyer for this. I had a chat the same Colindale conveyancing solicitor who dealt with the legals when I initially acquired the property. The pricing estimate supplied of £470 has surprised me as its a remortgage than a sale or purchase.
The costs illustration is fractionally on the high side. Where you are happy to invest time contrasting charges you might trim some of the expense by say a hundred pounds. That being said, providing that you were content with the conveyancing the firm offered you couldlive to rue opting for an a cheaper solicitor. Don't forget to ensure the conveyancer can act for Britannia. You can utilise our search tool to select a Colindale conveyancing firm on the Britannia member panel, which can often include conveyancing solicitors in Colindale.
My son is purchasing a newly built flat in Colindale with a home loan from Nationwide. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nationwide conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are selling our home in Colindale. Will the conveyancing practitioner have to be required to be on the Principality conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Colindale I like with amenity areas and railway links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Colindale for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am thinking of appointing a conveyancing practitioner in Colindale for my remortgage. Is it possible to check a solicitor's complaints history with the profession’s regulator?
One may review presented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA sometimes recorded call for training requirements.